Abu Dhabi – Mubasher: Sharjah Islamic Bank on Monday reported a 7.2% year-on-year decline in net profits during the fourth quarter of 2017. The bank’s net profits reached AED 118 million ($32.12 million) in Q4-17, according to a filing to the Abu Dhabi …
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VAT In The UAE: How Is Your Business Affected?
As we have entered January, the first month of the new VAT regulations in the UAE, business owners across the Emirates are bracing themselves for a big change. Historically, the UAE has operated one of the simplest taxation systems in the world. But in …
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UAE set to be removed from EU blacklist of tax havens
The European Union will probably remove the UAE and South Korea from a blacklist of tax havens later this month. Following “new commitment letters signed at high political level,” the EU’s Code of Conduct working group on business taxation …
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UAE will complain to UN over Qatar war planes
The United Arab Emirates will lodge a complaint against Qatar at the United Nations’ aviation agency on Tuesday after Qatari war planes allegedly intercepted UAE civilian aircraft, a UAE official said. The UAE said on Monday that Qatari air force jets …
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Dubai Land Launches Real Estate Promotion Plan
The Dubai Land Department (DLD) has launched its 2018 real estate promotion plan for the Real Estate Investment Management and Promotion Centre, the department’s investment arm. DLD held a press conference in the presence of Sultan Butti bin Mejren …
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Dubai’s biggest bank defends blocking some cryptocurrency transfers
“It is unfortunate to see one of the UAE’s major financial institutions taking such a position on products built using this innovative and much in demand technology,” the statement added. “We continue to actively build strong relationships with …
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Dubai Plans to Launch 20 Blockchain-Based Services in 2018
In fact, blockchain technology is already being used for land registry transactions. Other government sectors, such as Department of Naturalization and Residency Dubai, are also running pilot programs. Additional departments, including Dubai Customs …
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Blockchain services coming soon in Dubai
Smart Dubai aims to implement blockchain technology in the public sector this year, ahead of its planned rollout in 2020, a senior official said on Sunday. Dr Aisha Bint Butti bin Bishr, director-general, Smart Dubai Office, said the entity is currently …
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Rory McIlroy making a comeback in Abu Dhabi
ABU DHABI, United Arab Emirates — After a long layoff from golf, Rory McIlroy has some newfound sympathy for Tiger Woods. The 28-year-old Northern Irishman is making a comeback at the Abu Dhabi HSBC Championship after ending his season early last year.
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Abu Dhabi to build world’s largest desalination facility
Abu Dhabi: Abu Dhabi will build world’s largest desalination facility by 2021, which will cater to the water demands of Abu Dhabi and Northern Emirates, a top official announced here on Tuesday. The Dh2-billion Taweela Reverse Osmosis (RO) Independent …
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Why investing in Sharjah property is a no-brainer
The Sharjah real estate market did not get its due until the government relaxed rules and opened investment to expatriate buyers on 100-year leases in 2014. This decision resulted in a handful of developers launching large, master-planned communities to …
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Gemini Property Developers Appoints National Piling for 29-Storeyed Symphony – Business Bay
Gemini Property Developers, a Dubai-based boutique real estate developer, has announced the appointment of National Piling as piling and shoring contractor for the upcoming 29-storeyed Symphony – Business Bay, being developed at Business Bay area – the …
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Sharjah Police install radars to detect parking violations
And if you do not heed to the warning, you will be booked. The Sharjah Police have installed new radars to catch motorists who illegally use parking spaces allocated for people of determination. The environment-friendly radars – which are in a trial phase …
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Senior Property Consultant – Shades Properties – Dubai Jobs
We are looking for an experienced Senior Property Consultant to join Shades Luxury Properties Team. The candidate must have minimum 3 years experience in a similar position, proven record of successful sales, strong communication skills, the ability to …
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Dubai launches real estate promotion plan
The Dubai Land Department (DLD) has launched its 2018 real estate promotion plan for the Real Estate Investment Management and Promotion Centre, the department’s investment arm. DLD held a press conference in the presence of Sultan Butti bin Mejren …
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Revealed: Top 10 Priciest Dubai Property Deals in 2017
A penthouse on the Palm that went for Dh102 million was the priciest deal in Dubai’s property market in 2017, while two villas at Emirates Hills went for Dh95 million and Dh90 million, respectively. When it comes to high-end villas, Emirates Hills …
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Construction to begin on Rotana’s new Dubai property
Rotana’s new Dubai property, Sabah Rotana, has received been granted approval to begin construction by the Department of Tourism and Commerce Marketing (DTCM). The property will be established under the category rating of ‘five-star’ and ‘Tourism property’.
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